Cheque given for security of event
Rishab singh
(Querist) 13 December 2015
This query is : Resolved
Sir,i'm giving cheque to my partner for the contribution of him in event as a gurantee that event is held.but my partner later not provide me all the cheques and now date he is claim for return the said amount of cheque.there was no agreement sign for the above discussed cheque and agreement of partnership between us.but in the permission granted from government authorities regarding events is the name of my partner.i'm only manged the event for them in every advertisement product his name was show with second my name .what was the suggestion for me sir in regarding of sec.138 and 139 of NI Act 1881.please help me sir.
My name is Rishab Singh.
Email id:-rishabthakur777@gmail.com
:-rishabthakur0008@gmail.com
P. Venu
(Expert) 14 December 2015
Facts, as stated, are incomplete.
Rishab singh
(Querist) 14 December 2015
Please provide me some suggestions.
Rishab singh
(Querist) 14 December 2015
Mr. P .venu sir,
As I told that I'm act as an event manager for my freind for the event and I'll give my cheques as security for the amount he give me for the event, later on outcome of the event is loss and now a days he is asking for returning the amount stated in cheque.
That is the problem what will I do.till date I'm not entering in any agreement regarding the cheques but they pressurizes me to return the amount even event was held.same as agreed.
T. Kalaiselvan, Advocate
(Expert) 23 December 2015
If there was an agreement between you both for the said event management and there was an agreement for sharing the profits and loss, you should secure this evidence to challenge his cheque bounce case on you.
You should be able to prove that there was no consideration passed between you both, this agreement copy should protect you as shield.
Discuss with your advocate on the same lines and prepare to confront his false case.
